Technical analysis:
Gold has been trading upside yesterday but I potential for the downside rotation today due to overbought condition.
Trading recommendation:
Due to the overbought condition on the Stochastic and rejection of the upper trend-line, I see potential for the downside rotation.
Watch for potential selling opportunities on the intraday rallies wit the downside objectives at $1.815 and $1.800.
Stochastic is showing overbought condition and fresh bear cross,which is sign for the downside rotation.
Key resistance is set at the price of $1.876
